Transforming Healthcare Through

Artificial Intelligence Systems

2016
 About This Report

This industry report was created by Frost & Sullivan, in coordination for the forthcoming
Artificial Intelligence in Health & Life Sciences Conference hosted by Kisaco Research,
taking place in London, October 4, 2016.

Join us at the Artificial Intelligence for Health &

Life Sciences Conference where we will be
bringing together leaders from a multitude of
disciplines to showcase new technological
advances and translational case studies, to highlight
not only the potential applications for artificial
intelligence in health and life sciences, but also the
barriers to its adoption and practical implementation.
http://ai-healthandlifesciences.com/

Kisaco Research works with the early adopters and leaders of

growth markets in driving their respective industries forward and in
providing the right knowledge, learning and social opportunities to
stimulate business growth quickly and effectively.
Kisaco Research produces, designs and hosts B2B industry
conferences and exhibitions. Our platforms are neutral, so that our
attendees get the right information from the most relevant people.
Our level of research ensures the topics and products we offer are of
utmost relevance and timeliness; our 30+ years of combined
experience in the event industry means we have an unmatched level
of strategic social engineering onsite.
Find out more about our upcoming events by emailing
events@kisacoresearch.com www.kisacoresearch.com

<0000-00> 2
Market Snapshot

3
Artificial Intelligence Ecosystem Segmentation

Artificial Intelligence Toolkit

Computer Machine Image

Algorithms
Vision Learning Recognition
Speech Natural Language
Cognitive Semantic Web
Recognition Processing
Computing

Artificial Neural Networks Fuzzy Logic Expert Systems

 Mimics the structure and

 Applies approximate  Simulates thought process
functioning of the human
reasoning in incomplete or of a human expert for
brain, to create intelligent
fuzzy data decision making
behaviour
 Benefits: evaluates  Benefits: Through
 Benefits: Pattern
conditions, and processes intelligent integration into
recognition, learning and
decisions hospitals, these systems
generalization
 Used in ‘Clinaid’ system
 Uses: knowledge improves quality of care
for diagnostic and delivery, reduces costs
discovery and mining in
treatment and diminishes recurrence
medical imaging, as
recommendations, used in of medical errors
biological models and in
wearables
cancer predictions
Source: Frost & Sullivan

4
Market Projection for A.I. Applications in Healthcare

Artificial Intelligence Market for Healthcare

Applications, World, 2014 and 2021

8000.0 Key Findings:

 Excellent treatment and patient outcomes
6,662.2 in various studies using AI as a decision
Revenue ($ Million)

support tool coupled with drastic

6000.0
reduction in diagnostic and treatment
costs have been the principal drivers for
this market
4000.0  Relatively new market with huge growth
potential due to easier integration within
HC space
2000.0  Future shift to fee-for-value model for
healthcare positively impacting this
633.8 market
0.0
2014 2021

Total AI in CAGR (2014-

2014 2021
HC Market 2021)
($ Million) 633.8 6,662.2 40%

Note: All Figures are rounded. The base year is 2015. Source: Frost & Sullivan

5
Transforming Healthcare Through AI

6
Artificial Intelligence the Key to Actionable Big Data in
Healthcare

Comprehension

Analysis

Data Collection

7
 AI Systems Critical to Deployment of Internet of Medical
Things
Connected
The Internet of Medical Things (IoMT) entails any ecosystem of connected Equipment
medical technologies supporting targeted health and well being services.
Patient RTLS
Surveillance
Applications are often developed in coordination with multiple Hand held Medical
stakeholders who specialize in specific aspects of solution Tech

development and deployment. Care

Coordination In- Hospital
Tech
Solutions may be tailored to one use
case, or bridge across various layers of Smart Smart
Devices Ambulatory OR
the care continuum.
Therapies
In-Clinic
Implants
Digital Lab on a
Assistants Chip
Peripherals
Home Medical On- Body
Devices

Automated Wearables
Kiosks
Consultations/
Coaching Storage
Analytics/
In- Home Informatics
Machine
Mobility Learning
Activity
Monitoring
Supply Chain Cyber- Inter- Decision
Logistics security
Community operability Support

Emergency Response Intelligence

8
Distinguishing Consumer vs Medical Apps & Wearables
Consumer Health Applications
• Intended for maintaining or encouraging a
general state of wellness or healthy activity.
• Considerably large market with huge number
of players.
• Less regulated market, thus promoting easier
entry, although very competitive.
• Due to a large variety of solutions, it is very
tough to make consumers stick to a particular
device.
• Newer tech with consumer-centric and secure
interfaces expected to easily overtake
existing players in the ecosystem.
<0000-00>
Medical or Clinical Use Applications
• Useful for a medical professional to diagnosis
or influence course of care decisions
• The market is new, slow moving with limited
number of players
• Considerable regulations and stringent
norms; difficult to enter
• Once entered with apps providing accurate
medical information, secure user interfaces
and private health data securities, players
can gain significant market share in less
period of time
• Fees can be paid by insurers and thus
expected to be more regularly used by users
Source: Frost & Sullivan
9
 Care Anywhere, Anytime, Any Place Concept Highlights
Core Opportunities for Development of AI Solutions

Source: Frost & Sullivan

<0000-00> 10
Personalizing Healthcare Through Big Data & A.I.

Financial Family Vocational

Means Obligations Factors
Activity Diet

Insurance
Health Mental Personal
Records Wellbeing Goals
Clinical
Resources

Diagnostics Personal
Education

Monitoring
Community
Support

Therapeutics
On-line
Resources
Genomic data Government
Resources

11
 Innovating Business Models in Healthcare with AI

Return to contents

0000-00 12
 Business Model Evolution in Healthcare Emphasizes
Actionable Information
Medical Platforms Medical Solutions
Value for Customer

Artificial
Wearables/ Big Data & Health Intelligence
Biosensors Analytics
IoMT
Augmented
Reality Robotics

Predictive & Preventive Care

mHealth

Real-time Outcome based Care • Insight-as-a-Service

Historic/Evidence Based Care
• Sell Parts/Hardware
• Consumables/Upgrades
• Repair/ Maintenance Support
• Leasing and Buying Support
Differentiation solely through product
innovation
Medical Products
• Automation-as-a-Service
• Product-as-a-Service • Robotics-as-a-Service
• Data-as-a-Service
• Platform-as-a-Service Differentiation via intelligent solutions
• Managed Services for evidence/ outcome based health
benefits to demonstrate value to end-
users
Differentiation by providing services to
key stakeholders such as Physicians, Intelligence
Patients and Payers
Services Services
Medical Products Medical Products

Last Decade Current Decade Next Decade

13
14
15
16
 Conclusion

Return to contents

0000-00 17
Keys for Success in Executing Your Big Data/ A.I. Strategy

Underserved Customers: There are a number of underserved

customer segments who are in need of solutions, but see very few
services being designed to meet their specific needs.

Solution Flexibility: As new entrants continue to join the market

place, solutions that have the ability to adapt to various use cases
and can function as either a platform or plug & play mitigate risk.

Simplicity: Many available solutions suffer from over-engineering.

An overwhelming number of features, and advanced functionalities
lead to user confusion and can delay or restrict usage.

Tangible Impact: Entrants witnessing the highest rates of

adoption have targeted applications where ROI is easy to
recognize, metric, and translate to savings.

Identify the Right Partner: More than a land grab for customers,
the more critical battle for market participants is to identify and
establish partnerships with the right stakeholders.

18
For Additional Information

Reenita Das Venkat Rajan

Partner Global Research Director
Healthcare Visionary Healthcare
(408) 857-9386 (210) 247-2427
rdas@frost.com Vrajan@frost.com

Kisaco Research
Stephanie Jaczniakowska-McGirr
Conference Director
Kisaco Research
+44 (0)20 3696 2926
sjm@kisacoresearch.com

19